FitLab Raises Growth Capital, Announces Acquisitions Of Electric, Fitplan And Ragnar
FitLab Inc. announced the closing of its Series A financing, bringing total capital raised to more than $15 million.
HanesBrands Announces $2 Million Investment In Historically Black Colleges And Universities
HanesBrands announced a $2 million investment in three historically black colleges and universities (HBCU). The four-year partnership involves North Carolina A&T, Pensole Lewis College of Business & Design and Winston-Salem State University.
Jonas Fitness Appoints President
Jonas Fitness, Inc., a provider in enterprise club management software and payment solutions, announced that Tony Autin would be named president.
PureGym Opens First Club In U.S.
PureGym Group, the European fitness and gym operator, opened its first gym in the United States under the brand name Pure Fitness.
Nike And Converse Reach Settlement With Ex-Employee In Custom-Shoe Case
Nike settled a custom-sneaker lawsuit against a former employee and his company in a trademark infringement case, according to World Trademark Review.
Salesforce Data Reveals Global Digital Sales Surpassed $1 Trillion During 2021 Holiday Season
Consumers spent $1.14 trillion online globally and $257 billion in the U.S., compared to $1.1 trillion and $236 billion in 2020, according to Salesforce’s 2021 Holiday Shopping Report.
Walmart Names New Chief Merchant In Exec Shuffle
Walmart appointed Charles Redfield as chief merchandising officer. He is replacing Scott McCall, who is retiring. Chief Customer Officer Janey Whiteside is leaving the company, according to an internal memo attained by the Wall Street Journal.
Sneaker-Trading Start-Up, Traderblock, Sites Strong Growth Since Launch
Traderblock, a sneaker trading platform, said it has attracted over 100,000 collectors in the app since its launch in May 2021.
Holiday Sales Grew 14.1 Percent
Retail sales during 2021’s November/December holiday season grew 14.1 percent over 2020 to $886.7 billion, beating the National Retail Federation’s forecast and setting a record despite challenges from inflation, supply chain disruptions and the pandemic, NRF said.
Midwest Water Sports Acquires BuyWake.com And RedshiftWaterSports.com
Midwest Water Sports, which operates WaterSkis.com and WakeBoards.com, announced the acquisition of BuyWake.com and RedshiftWaterSports.com.
Yamaha Announces Siren Marine Acquisition
Yamaha Motor Corporation, U.S.A. finalized the acquisition of Siren Marine, a manufacturer of marine-based IoT (Internet of Things) solutions, by its subsidiary Yamaha Marine Systems Company, Inc. (YMSC).
Vail Resorts Skier Visits Down Slightly Season-To-Date
Vail Resorts, Inc. reported season-to-date total skier visits were down 1.7 percent compared to the prior year season-to-date period and down 18.3 percent compared to the fiscal year 2020 season-to-date period.
Report: StockX Exploring IPO
StockX has retained Morgan Stanley and Goldman Sachs Group, Inc. to explore a planned U.S. initial public offering as soon as the first half of 2022, sources told Bloomberg.
Big 5 Sees Q4 EPS Well Above Guidance
Big 5 Sporting Goods Corporation pre-announced fourth-quarter results for the period ended January 2 that showed earnings came in above company guidance due to margins coming in significantly ahead of plan. Steven Miller, the company’s CEO, said in a statement, “While issues surrounding the pandemic are ongoing, we believe the business is in a great position heading into 2022.”
USA Rugby Signs Apparel Deal With Castore
USA Rugby has announced a six-year apparel deal with UK-based sportswear company Castore.
